Stephens & Co. Maintains Overweight on Sysco, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Joshua Long has maintained an Overweight rating on Sysco (NYSE:SYY) but lowered the price target from $90 to $80.
November 01, 2023 | 8:35 am
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NEUTRAL IMPACT
Sysco's price target has been lowered from $90 to $80 by Stephens & Co., though the Overweight rating is maintained.
The lowering of the price target by Stephens & Co. could potentially lead to a short-term negative sentiment among investors. However, the maintained Overweight rating indicates that the analyst still sees potential upside in the stock, which could balance out the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100